Latest Results from /retail
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Lloyds Banking Group is building a new machine learning (ML) and Generative AI (GenAI) platform using Google Cloud’s Vertex AI.
10 April 2025
UK-based fintechs Wise and Revolut are both doubling down in India, with the former building a hub in Hyderabad that will employ hundreds of new and the latter securing a license to issue prepaid cards and wallets in the country.
Cryptocurrency exchange Kraken is working with Mastercard to allow customers in the UK and Europe to spend their crypto at over 150 million merchants worldwide.
09 April 2025
The US Department of Justice is disbanding its national cryptocurrency enforcement team.
The Financial Conduct Authority has unveiled plans to make it easier for firms to test innovative products and to support new firms applying for regulatory approval as part of its work programme for 2025-2026.
Revolut has been fined €3.5 million by the central bank of Lithuania for deficiencies in its anti-money laundering controls.
The Monetary Authority of Singapore is investigating a ransomware attack on Toppan Next Tech, a vendor responsible for printing customer statements for DBS Bank and Bank of China (BoC) in Singapore, which exposed the personal data of thousands of customers.
UK-based decentralised payments platform Ryft has raised £5.7 million in Series A funding to help acquiring banks take on industry giants Stripe Connect and Adyen.
DailyPay has sued New York Attorney General Letitia James over efforts to apply usury laws to the earned wage access sector.
Scams impersonating businesses and government officials cost Americans $2.95 billion last year, according to the Federal Trade Commission.
Bank of America says that over 90% of its 213,000 employees now use its AI-driven internal virtual assistant, cutting calls into the IT services desk by half.
08 April 2025
Blackbird Labs, a blockchain-based restaurant loyalty and payments app, has raised $50 million in a Series B funding round.
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